Kingspan Hit With 40 Million Euro EU Fine
Irish building materials maker Kingspan received a forty million euro EU fine for providing incorrect information during an abandoned acquisition probe. Regulators said transparency is vital for fair competition rules.
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Kingspan Group Plc was fined €40 million ($44.74 million) by the European Commission during an oversight review on Thursday. The penalty addresses incorrect data submitted during an antitrust review of a failed acquisition in Slovenia. The decision follows a four-year inquiry into the Irish building materials maker, which is headquartered in Ireland.